At the beginning of July, I published my post "TOP 5 Decentralized DEX & DeFi Altcoins Primed For Gains". Today, about five weeks later, I would like to have a second look at my TOP 5 DEX and DeFi altcoins that are primed for gains to see how they have developed.
No. 5 Reserve Rights Token (RSR)
Reserve was the first project on my "TOP 5 Decentralized DEX & DeFi Altcoins Primed For Gains"-list. It is a project that is not so much talked about but nevertheless it is a pretty cool project.
Reserve is a decentralized stable coin with global ambitions. It is a two-tired token model with the Reserve Token which is the stable coin, and with the Reserve Rights Token, which is the open market token that can fluctuate. The Reserve Rights token is on the backend to provide stability for the Reserve Stable Coin.
A whole host of big names have invested in this project. For example, Coinbase has invested in Reserve and if Coinbase has invested in Reserve, a Coinbase listing will be coming at some point in the future.
Meanwhile, we are really getting closer to a listing of Reserve on Coinbase. About one week ago, Coinbase announced on their official blog on medium that they are discussing the listing of several assets like Reserve, BAND Protocol, and KAVA at the moment. So I am still pretty confident that the listing of Reserve on Coinbase is only a matter of time.
Reserve Rights Token`s price was $0.00332468 when I recommended it in my post five weeks ago. Its price today is $0.01091. This means that its price has tripled within that last five weeks!
Hotbit is the current most active market trading it.
Reserve is definitely a project that is still worth it to keep an eye on. if you like to know more about Reserve, I recommend reading my post "The Hype Around Reserve - A Stablecoin For Scaling Prosperity"
No. 4 Tellor (TRB)
Tellor deals with decentralized oracles focused on price feeds.
Tellor has been invested in by some big names like Binance Finance Labs, Maker DAO, and Consensus.
If you like Chainlink (LINK) and BAND Protocol then Tellor (TRB) is something for you to look into. if you think that Chainlink is all we need and it will do anything in oracles then ask yourself this: Why have Binance Finance Labs, Maker DAO, and Consensus all invested in Tellor if Chainlink is the end-all and be-all of all oracle services?
Tellor`s price was $5.51 five weeks ago when I recommended it in my post. However, Tellor`s price today $27.90 which is five times more!
Idex is the current most active market trading TRB. Tellor still is a project with huge potential. The same applies for the other oracles on the market like Chainlink, BAND Protocol, or DOS Network.
In general, there is a massive potential in oracles. So in fact, there are several notable projects that are working on connecting off-chain data and systems with the decentralized world. There will be more than just one oracle in the crypto market now and in the future.
I think that the CoinGecko price comparison widget above proofs that point. The price comparison widget shows the price development of ChainLink, BAND Protocol, and Tellor.
I have covered the potential of oracles in two posts so far. If you like to know more about the potential of oracles now and in the future, make sure to check out my two posts on that topic.
No. 3 Kava (KAVA)
In my post from five weeks ago, I also recommended checking out Kava which is basically a multi-chain Maker DAO. Kava is actually about to break open the world of multi-chain decentralized finance right now. Kava offers to give collateralized loans with stable coins to users of major crypto assets like Bitcoin, Ripple, Cosmos, and others.
This project has possibly the highest potential of really taking on Maker DAO in terms of its market cap and its utility.
Kava is working very closely with big names like Ripple, Binance, or Cosmos which shows that kava is moving on a really serious level.
The Kava Token (KAVA) is stakable and deflationary as fees paid in KAVA are getting burned.
Kava's price was $1.02 five weeks ago when I recommended it the first time. Today with $4.20 KAVA is looking really juicy. That`s a nice pump of 400%!
As I mentioned at the beginning of my post, Coinbase announced on their official blog on medium that they are discussing the listing of several assets at the moment. One of the assets being discussed is KAVA.
Binance is the current most active market trading it and KAVA still has just started. New important partnerships are announced frequently, so it still hasn`t reached its full potential yet. So if you like to have a closer look at KAVA, I recommend to check out my post "KAVA Is About To Break Open The World Of Multi-Chain Decentralized Finance"
No.2 Synthetix Network Token (SNX)
I also recommended having a closer look at Synthetix which is a decentralized synthetic asset platform. This means that Synthetix can provide on-chain exposure to real-world currencies, commodities, stocks, and indices via their synthetic on-chain token.
All the synthetic assets that are traded on the Synthetix exchange are backed by the Synthetics Network Token (SNX).
SNX is a stakable token. When you stake your SNX you will receive back your trading fees.
Unfortunately, there is no CoinGecko widget for SNX that I can add to my post.
However, Synthetix Network Token`s price was $1.02 when I published my post about five weeks ago. Synthetix Network Token`s price today is $4.25 which is like four times more!
Binance is the current most active market trading SNX. DeFi is the future, so the Synthetix Network is still a project with huge potential.
If you like to know more about Synthetix, I recommend reading one of my previous posts "Why The DeFi Synthetix Network Token (SNX) Is Mooning 🚀"
No.1 Loopring Coin (LRC)
What have you done with your LRC that you have earned here on Publish0x? Well, I recommended to HODL your LRC that you have earned on publish0x in my initial post five weeks ago
When LRC has been integrated as a new tipping token on Publish0x a few months ago, the price of LRC was $0.027. Loopring Coin`s price was $0.098 five weeks ago when I recommended just to HODL it. However, Loopring Coin`s price today is $0.1444. That`s a 40% pump within the last five weeks!
There are some good reasons for the recent success of Loopring. In the last months, since its integration on Publish0x, Loopring has made some big improvements. Many things like trading and staking LRC have become much easier and much more user-friendly. Also, the trading fees were massively reduced by integrating a new protocol in the Loopring.
But besides these major steps forward, I believe that Loopring still is a young project with a bright future. So, it is not too late to HODL the LRC that you earn on Publish0x.
Binance is the current most active market trading LRC. Of course, you can also trade it on Loopring itself. I also wrote a post about Loopring. So if you like to know more about Loopring, check it out: "Loopring (LRC) All You Need To Know About The New Tipping Option On Publish0x"
My Final Conclusion
My final conclusion is that I am not often making predictions, but when I do them, they are damn good. 😎
Decentralized projects are the ones that I believe stand to make significant gains and provide very interesting passive income opportunities to the savvy investors, now and over the coming years. Some even say that DeFi today is like the early days of Bitcoin mining!
However, the whale shares are happening in the first few years, which means it is happening right now!
Of course, there are a bunch of promising DEX & DeFi coins floating around in crypto space. That`s why I am also interested in your favorite DEX & DeFi coins. Please give me some input in the comment section. What decentralized projects do you think are primed for massive sick gains over the next years?
I hope I could provide you with some interesting and useful information about my favorite DEX and DeFi altcoins that are primed for big gains.
Last but not least, I like to mention that nothing in my post is sponsored. It really reflects my own opinion.
Nevertheless, please keep in mind that my intention in this post is not to replace your own research. Always #DYOR. 👌
Thank you guys for reading, liking, following, and tipping 👍
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